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Junior ISA

What is a Junior ISA?

  • A Junior ISA is a tax efficient savings vehicle, that lets your clients invest up to £3,600 each tax year for the benefit of a child
  • All cash and investments held in a Junior ISA belong to the child
  • The Account is held in the name of the child, but all investment decisions or instructions are given by a ‘registered contact’
  • The ‘registered contact’ for a Junior ISA is usually the parent or an adult who has parental responsibility for the child account holder
  • Withdrawals are not permitted until the child is 18
  • There is no capital gains tax liability within a Junior ISA and there is no further tax to pay on dividends
  • There is no need to declare any gains or income received in the Junior ISA to HMRC
  • The annual limit will rise in line with the consumer prices index from April 2013

Alliance Trust Savings offer a Stocks and Shares Junior ISA

What choose Alliance Trust Savings?

What Investment AwardOur new Junior ISA has been developed by the team behind our award-winning Stocks and Shares ISA. They’ve won the What Investment Readership Award for each of the last five years.

Our Stocks and Shares Junior ISA gives you a wide range of investment choices including:

  • Over 1400 + funds from over 40 UK fund managers
  • All UK listed:
    • Equities
    • Exchange Traded Funds (ETFs)
    • Gilts
    • Fixed Interest Securities
    • Investment Trusts
  • Over 21,000 International equities from 21 foreign exchanges across the globe

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Low annual administration charge

All accounts have an annual administration charge of £25 + VAT. Our Table of Charges provides full details.

Who can apply?

Saving for a child

Your client can open a Junior ISA if they are a UK resident aged 16 or over and wish to save for the benefit of a child resident in the UK. They must be the child’s parent or legal guardian.

Saving for themselves

Your client can open a Junior ISA if they are a UK resident aged 16 or over but have not yet reached their 18th birthday.

A Junior ISA cannot be opened for a child who was eligible for a Child Trust Fund. Children eligible for a Junior ISA are as follows:

  • Born before 1 September 2002 and aged under 18
  • Born between 1 September 2002 and 3 January 2011 who didn’t qualify for a Child Trust Fund for any reason
  • Born on or after 3 January 2011

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Withdrawals from Junior ISA

  • No withdrawals until the child is 18
  • Withdrawals are permitted in the event of ill health (terminal illness) or death of the child

How to apply?

The quickest and easiest way to apply for an Alliance Trust Savings Stocks and Shares Junior ISA is online. If you already have access to i.nvest, you can apply on behalf of your client, simply login and apply today.

You will need to have:

  • The name, address and date of birth for the Registered Contact
  • Childs name and date of birth
  • Bank account details for setting up a Direct Debit if your client wishes to make regular contributions.

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You can also apply by post. Simply complete the Application form and return it to:

Alliance Trust Savings Limited
PO Box 164
8 West Marketgait
Dundee
DD1 9YP